Caixin OnlineBusiness & IndustryTop Stories Industry 360Buy Still Has No IPO Plans, Company Source Says
07.10.2012 19:32

360Buy Still Has No IPO Plans, Company Source Says

Despite persistent reports it plans to raise funds, insider says firm is the picture of financial health
By staff reporter Wang Shanshan
a

(Beijing) – Leading online electronics retailer 360Buy has no plans to raise funds through an initial public offering or by selling stakes to private equity firms before 2013, a source inside the company has reiterated.

The source said on July 3 that a financial assessment by PricewaterhouseCoopers showed 360Buy had net cash of almost US$ 1 billion by the end of 2011.

We hope you have enjoyed your free articles for the month
REGISTER to get 5 more free articles, or SUBSCRIBE to get full access to Caixin
Already a subscriber? Log in now
COMMENTS (0)
Sign up to receive our free daily newsletter
Latest Issue
On the Cover:

View From The Top

Here's What Billionaire Li Ka-Shing Sees That We Don't About Hong Kong And The World


Issue 76
April, 2014

POPULAR GALLERIES

SUBSCRIPTIONS

Caixin-China
Economics & Finance
Latest Issue:
View From The Top
Here's What Billionaire Li Ka-Shing Sees That We Don't About Hong Kong And The World
Issue 76
04.01.2014

Subscribe       |       Newsletter        |        FAQ